Filed September 20, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Service code 99 | Other Fees | $0 |
Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 63 | 12b-1 Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,518 | $31,424-25.2% | $81,473-71.1% | $69,631-66.2% |
| Participation rate | 11.2% | 50.8%-39.7pp | 68.0%-56.8pp | 70.7%-59.5pp |
| Annual return | 13.43% | 22.44%-9.0pp | 38.78%-25.4pp | 27571.02%-27557.6pp |
| Employer contribution / active EE | $0 | $1,029-100.0% | $2,568-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $695 | $1,838-62.2% | $3,537-80.4% | $3,224-78.4% |
| Admin fee / account holder | $0 | $103-100.0% | $4,561-100.0% | $110-100.0% |